profile

Taylor Schulte

Retirement and tax planning tips...in plain English.

I'm the host of the Stay Wealthy Retirement Show and founder of Define Financial, an award-winning retirement and tax planning firm. When I’m not helping people lower their tax bill, you can find me traveling with my wife and kids, searching for the next best carne asada burrito, or trying to master Adam Scott’s golf swing.

Featured Post

Your Guide to Retirement

Hi Reader, Each spring, J.P. Morgan releases a helpful document they call Guide to Retirement. It's packed with interesting ideas and data that are all focused on retirement. While I think the entire document is valuable, I've handpicked eight charts that I think can help us make better retirement decisions. I've also added some commentary that I hope you'll find valuable. Let's dive in. (Note: If you want to download the entire 53-page guide from JP Morgan, click here.) 1.) Focus on What's...

about 18 hours ago • 4 min read

Hi Reader, Today I'm wrapping up our three-part series on investing. (Need to catch up? Here's Part One and Part Two.) Specifically, I'm sharing additional ways to ease your transition from chaotic to more orderly investing. Some steps are purely practical. Others help you remain calm and confident along the way. You can mix and match them as needed to improve your investment success. Before we dive in...did you catch this week's podcast episode?👇 Inflation is Cooling: Why Does Everything...

8 days ago • 4 min read

Hi Reader, Today I'm sharing Part Two of my three-part series on investing. As shared in Part One, when you sell an investment for more than you paid for it, you can sometimes be faced with capital gains taxes. So, how do you navigate around capital gains while also transitioning your portfolio into the right investments? That's what I'll be sharing in today's email! Before we dive in...did you catch this week's podcast episode?👇 Roth Conversions: How Does the "5-Year Rule" Work I share TWO...

22 days ago • 3 min read

Hi Reader, Today I'm sharing part one of a three-part series on investing. (I'm also sharing a free PDF checklist at the end: "What Issues to Consider When Reviewing Your Investments") This series will walk you through how to transition from a chaotic collection of assets into a well-structured investment portfolio. Each part will explore the separate planning pieces involved in minimizing the taxable impact of a desired transition... ...while successfully moving toward a more orderly...

29 days ago • 3 min read

Hi Reader, Inflation is mostly back under control, with the recent headline inflation reading coming in at 3.1%. It may surprise you that the current reading is actually below the long-term average of 3.8% from 1960-2022. In today's email: If inflation is, in fact, back under control, why does everything still feel so expensive? Before we dive in, did you catch this week's podcast episode?👇 4 Retirement Planning Misconceptions Roger Whitney joins me to talk through 4 rarely-discussed...

about 1 month ago • 2 min read

Hi Reader, They say that a checkbook and a calendar never lie. If that's true (and I believe it is), then we should occasionally ask ourselves an important question: "If an impartial observer tallied how you spend your time and money, what would they say is important to you?" While I'm certainly hopeful they'd say that you spend your time and money in complete alignment with what's most important to you, most of us likely feel that we could do a bit better. To help better align your time,...

about 1 month ago • 2 min read

Hi Reader, Most of the time, the market's future feels uncertain. This is especially true when the market hits new record highs, and investors debate how long the party will last. As always, this debate is at least partially driven by media pundits seeking airtime by expressing skepticism. Rather than arguing against negative outlooks, I believe this sort of constant skepticism is actually a good thing for our investments. I'm sharing why I believe that in today's email. But first: Click here...

about 2 months ago • 3 min read

Hi Reader, Today, I'm sharing some of my favorite investing and economic charts from the past month. These charts cover topics like: Unemployment rate changes Wages and inflation Investor sentiment...and more! It's been two years since the last market high. Given that, I thought it would be interesting to show how things have changed since then and one big thing that has not. Let’s start with what hasn’t changed… 1.) Patience Was the Right Approach (Again) As noted above, after two years of...

about 2 months ago • 3 min read

Hi Reader, After two years, the U.S. stock market just hit another all-time high. But this "breaking news headline" is actually more common than most realize. According to Bloomberg, the S&P 500 has hit an all-time high over 1,200 times since 1915. In today's email: What do all-time highs mean? Will the market continue to climb? How should investors respond? But first, listen to this week's podcast episode. 👇 Stop Talking About “Paying Off the National Debt” Today, I'm joined by monetary...

2 months ago • 2 min read

Hi Reader, If there’s a message to take from 2023 markets, it is this: Timeless wisdom best informs timely decisions. Here’s how Morgan Housel describes it: "The typical attempt to clear up an uncertain future is to gaze further and squint harder—to forecast with more precision, more data, and more intelligence. Far more effective is to do the opposite: Look backward, and be broad. Rather than attempting to figure out little ways the future might change, study the big things the past has...

3 months ago • 3 min read
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